QUESTION 20 Which of the following is correct? O A. The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of households called the Current Expenditure Survey. O B. Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a monthly survey of about 600,000 households. O C. The Bureau of Economic Analysis counts a member of a surveyed household as an adult if that person is at least 16 years old. O D. The Bureau of Labor Statistics announces the total number of employed and unemployed people in the United States for the previous month, along with many characteristics about them.

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.